A recent late payment can drop your credit score about 60 points.
2-3 points each inquiry.
Typically a credit inquiry lowers your score by 3-4 points. However, if you apply too frequently you might be perceived as being desperate, resulting in an even larger impact on your score...
you credit score will go down if you are not paying your monthly bills on time, in order for you to increase your credit score you have to pay your credit bills on time or in full.
yes your credit score goes down everytime you apply
It is highly likely. This is a good credit score.
typically, a credit score will go DOWN a little when you get a loan or have any inquiries on your personal credit information. The credit score usually goes up after there are reports that you have made timely payments on a loan and after you have some assets that are of real value.
The two biggest things that can hurt your credit score are not paying your credit on time and holding too much of a balance on revolving accounts. The best way to bring up your credit score 60 points in 30 days would be to make sure you pay all of your accounts on time and to pay down as many revolving accounts as you can.
Actually, it does. It uses the available credit you have so when that goes down the credit score does too.
Your credit score is like your reputation: It takes a long time to build up, but just one mistake can knock it down. A late credit card payment, for example, can cost you several points. And now, when a mere 20 points can make the difference between the best rates on car loans and mortgages
credit score is not based on age but how you handle your credit....handling your credit well and your score goes up.....handle your credit bad, as in having a lot of debt and not paying on time brings your score down.